Investment Club Savings Account

Our Investment Club Account is an account for groups of people coming together to pool resources for Investment purposes through overdraft and mortgages.

Features of Investment Club Savings Account:

  • Minimum of 4 people required to form a club
  • Opening balance of UGX 50,000/ USD 50/EUR 50/GBP 50
  • Minimum balance UGX 50,000/ USD 30/EUR 30/GBP 30
  • Tiered interest based on account balance to accrue daily and applied semi-annually
    • UGX 100,000 – 1,000,000 : 3% pa.
    • Ugx 1,000,001– 5,000,000 : 4%pa.
    • Ugx 5,000,001 -30,000,000: 6 % pa.
    • Ugx 30 ,000,000: 7%pa.

Benefits:

  • Competitive interest rates of up to 7% p.a.
  • Third party savings withdraw voucher.
  • Free monthly statements.
  • Preferential forex rates.
  • Regular training and capacity building

Requirements:

  • Reserved club name with URSB
  • Certified copy of the club constitution/bye laws
  • Certified copy of resolution to open the account
  • Identification of the signatories
  • 2 passport photos for each of the signatories

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